HomeMy WebLinkAboutID# 14-543 SA Investment Report for March 2015CITY OF
41,
LAKE C
LSINORE
DREAM EXrikr.mr.-
REPORT TO SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
TO: HONORABLE AGENCY CHAIRMAN
AND MEMBERS OF THE SUCCESSOR AGENCY
FROM: GRANT M. YATES
EXECUTIVE DIRECTOR
DATE: APRIL 28, 2015
SUBJECT: SUCCESSOR INVESTMENT REPORT — MARCH 2015
Recommendation
Staff recommends that the Members of the Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore receive and file the Investment Report for March 2015.
QISCUSSIAII
The Investment Report is a listing of all funds invested for the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report.
Prepared By: Nancy L. Lassey
Finance Administrator
Approved By: Jason P. Simpson
Director of Administrative Services
Approved By: Grant M. Yates
Executive Director
Attachments: Investment Report for March 2015
LAI,E �LSINORE
�N:� DREAM EXTREME.
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY
INVESTMENT REPORT
MARCH 2015
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF MARCH 31, 2015
ACTIVE ACCOUNTS
Bank of America - Successor Agency General
Total Active Accounts
INVESTMENTS
Successor:
Successor Local Agency Investment Fund
Successor CAMP Pool Account
Successor U.S. Treasury Bond / Notes
Successor Municipal Bond / Notes
Successor Federal Agency Bond / Notes
Successor Corporate Notes
Successor Certificate of Deposit
Sub -total Investments
BANK DEPOSITS
OUTSTANG.
BOOK
BALANCE IN TRANSIT
CHECKS
BALANCE
$ 122,139 $ -
$ (51,711)
$ 70,428
122,139 -
(51711)
70,428
1,888,377 -
- 1,888,377
16,969 -
- 16,969
2,250,065 -
- 2,250,065
30,084 -
- 30,084
1,353,594 -
- 1,353,594
1,418,196 -
- 1,418,196
100.000 -
- 100,000
7,057,285 -
- 7,057,285
Unrealized Gain/ (Loss) at 6 -30 -14 (LAIF SUC) 3,236 - - 3,236
Unrealized Gain/ (Loss) at 6 -30 -14 (CAMP SUC) 3,783 - - 3,783
Total Unrealized Gain/ (Loss) at 6 -30 -14 per GASB 31 7,018 7,018
`total Investments 7,064 304 -
7 064,304
$ 7,186443 $ $ (51,711) $ 7,134732
Cashier Drawers #1 & #2 0.00
City of Lake Elsinore Petty Cash Fund 0.00
TOTAL POOLED CASH AND INVESTMENTS $ 7,134 732
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved
by the Members of Successor Agency of the Redevelopment Agency on November 12, 2013. A copy of this policy is
available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet
the next six months estimated expenditures.
Jason P. Simpson April 15, 2015
Director of Administrative Services Date
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
LOCAL AGENCY INVESTMENT FUND
TRANSACTION SUMMARY
FOR THE MONTH ENDING MARCH 31, 2015
Interest Rate
0278%
Beginning Balance
Purchase Date
WA
Net Increase /Decrease
Maturity Rate
24 -Hour
Ending Balance
1,888,377 $ $ 1,888,377
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
POOLED CASH AND INVESTMENTS BY FUND
AS OF MARCH 31, 2015
FUND NAME
Area I
Area II
Area III
Stadium Trust Fund
Total Pooled Cash &Investments
F1l• i 1
$ 1,441,974
3,898,076
1,002,276
792,406
$ 7,134,732
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING MARCH 31, 2015
TYPES OF SECURITIES
U.S. Treasury Bills
U.S. Treasury Bond / Notes
Current Balance
Federal Agency Bond / Notes
Current Balance
Municipal Bond / Notes
Current Balance
Banker's Acceptances
Certificates of Deposit
Negotiable Certificates of Deposits
Commercial Paper
Medium Term Corporate Notes
Current Balance
Repurchase Agreements
Reverse Repurchase Agreements
LAIF (Local Agency Investment Fund)
Current Balance
CAMP - Pooled Sweep Account
Current Balance
TOTAL
DIVERSIFICATION
PERCENTAGE
0.00%
31.88%
19.18%
0.43%
0.00%
1.42%
0.00%
0.00%
20.10%
0.00%
MAXIMUM
PERCENTAGE
26.76%
UNLIMITED
UNLIMITED
UNLIMITED
$
2,250,065
0.24%
UNLIMITED
$
1,353,594
$
UNLIMITED
$
30,084
40.00%
25.00%
$ 100,000.00
30.00%
15.00%
30.00%
$ 1,418,196
UNLIMITED
0.00%
20.00%
26.76%
UNLIMITED
$
1,888,377
0.24%
UNLIMITED
$
16,969
7,057,285
100.00%
$
Note:
Local agencies are only eligible to purchase medium term corporate notes that have a rating
of "A" or better by both Moody's Investors Service, Inc., and Standard and Poor's Corporation (S & P).
If a security falls below "A" by both rating agencies, then PFM Asset Management LLC
will evaluate the need to sell the security prior to maturity. The CAMP Portfolio Summary
and Statistics shows the credit quality held by the City's investments.
*No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies.
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